Milton Capital (LSE:MII) ROCE % : -6.81% (As of Jul. 2023)

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What is Milton Capital ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Milton Capital's annualized ROCE % for the quarter that ended in Jul. 2023 was -6.81%.

Milton Capital ROCE % Historical Data

The historical data trend for Milton Capital's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Milton Capital ROCE % Chart

Milton Capital Annual Data

Trend

Jan23

ROCE %

-10.37

Milton Capital Semi-Annual Data
	Jan23	Jul23
ROCE %	-	-6.81

Milton Capital ROCE % Calculation

Milton Capital's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: . 20 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: . 20 )		(A: Jan. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Milton Capital's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	-0.062	/	( ( (0.96 - 0.034)	+	(0.911 - 0.017) )	/ 2 )
	=	-0.062	/	( ( 0.926	+	0.894 )	/ 2 )
	=	-0.062	/	0.91
	=	-6.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

Milton Capital (LSE:MII) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Milton Capital ROCE % Related Terms

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Milton Capital (LSE:MII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Milton Capital PLC (LSE:MII) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Cheapside, 3rd Floor, London, GBR, EC2V 6EE

Website

http://www.milton-capital.co.uk

Milton Capital PLC is a special-purpose acquisition company. The company was formed to undertake one or more acquisitions (which may be in the form of a merger, capital stock exchange, asset acquisition, stock purchase, scheme of the arrangement, reorganization, or similar business combination) of a minority or majority interest in a company or business.

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